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Two-Unit Duplex with Garage

161 Fair Street, Paterson, NJ 07501

For Sale
$689,000

Each apartment has three bedrooms, with separate bath counts and a family room on the ground floor.

Property SizeContact for details
Days on Market11

Property Features for 161 Fair Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 3BR/3BA, 1 x 3BR/2BA
Multifamily Units 2

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $1,031

Building Details

Buildings 1
Listing Agency: Goyburu Realty LLC
Listed By: Carlos Goyburu · License NJ #226559
Source: Tarvinrealtors
Added: Nov 4 Changed: Nov 10 Last Checked: Nov 12 at 2:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goyburu Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This newer duplex contains two apartments. The first-floor residence has three bedrooms and three bathrooms, with an additional family room on the ground floor. The second-floor apartment includes three bedrooms and two bathrooms. A two-car garage and driveway provide on-site vehicle parking.

The property is in Paterson, New Jersey, with major highways, schools, shopping, and dining described as nearby.

Key Highlights

  • Two apartments in a newer duplex
  • First‑floor apartment has 3 bedrooms and 3 bathrooms, plus a ground‑floor family room
  • Second‑floor apartment includes 3 bedrooms and 2 bathrooms

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,566
Businesses Nearby

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Paterson

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each apartment has three bedrooms, with separate bath counts and a family room on the ground floor.
Where is this duplex located?
The property is located at 161 Fair Street Paterson, NJ.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Two apartments in a newer duplex; First‑floor apartment has 3 bedrooms and 3 bathrooms, plus a ground‑floor family room; Second‑floor apartment includes 3 bedrooms and 2 bathrooms
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